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ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
Start Chapter 11 TestICOM Part 2 Principles of Banking Chapter Wise Online MCQ's Test
MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Banking Icom Part 2 English Medium Chapter 11 Online Test
00:00
Question # 1
Which of the following is a non-commercial letter of credit
Question # 2
The letter of credit which can be endorsed to another person is called:
Question # 3
The first stage or step between importer and exporter for the purpose of sale and purchase is:
Question # 4
What is recieved by the post office on money order:
Question # 5
What is the nature of credit instrument IOU
Question # 6
What does IOU mean
Question # 7
Which of the following gets facility due to commercial letter of credit:
Question # 8
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
Question # 9
What does the bank receive on issuing a letter of credit:
Question # 10
Which of the following parties of a letter of credit is called beneficiary
Question # 11
If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Question # 12
Which of the following can be cancelled by the issuing bank without the consent of the other parties
Question # 13
Which of the following is an order of payment by one post office for another post office
Question # 14
Which letter of credit is accompanied by some documents
Question # 15
Stock certificate is a document issued by
ICOM Part 2 English Medium Principles of Banking Chapter 11 MCQ's Test
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H Hassan Abid 22 - Jun - 2022 01 Min 10 Sec 15/15 -
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A ALI AZAM 09 - Jul - 2021 01 Min 48 Sec 13/15
ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which letter of credit is accompanied by some documents |
A. Confirmed
B. Documentary
C. Non-documentary
D. All the above
|
| 2 | Where are the stock certificates sold and bought |
A. At commercial bank
B. At central bank
C. At post office
D. At stock exchange
|
| 3 | What is recieved by the post office on money order: |
A. Profit
B. Interest
C. Commision
D. All of the above
|
| 4 | IOU is a document |
A. Negotiable
B. Non-negotiable
C. Conditional negotiable
D. Unconditional negotiable
|
| 5 | If the exporter is not the receiver (beneficiary) of money then a letter of credit is called: |
A. Resolving
B. Back to Back
C. Transferable
D. None of the above
|
| 6 | Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods |
A. Documentary letter of credit
B. Green-clause letter of credit
C. Confirmed letter of credit
D. Red-clause letter of credit
|
| 7 | Commercial letter of credit is issued for the facilty of: |
A. Ambassadors
B. Common people
C. Businessmen
D. Alll of the above
|
| 8 | The first stage or step between importer and exporter for the purpose of sale and purchase is: |
A. Oath or undertaking
B. Agreement
C. Contract with bank
D. Issuing of L.C
|
| 9 | What does IOU mean |
A. I am a debtor to you
B. I am a creditor to you
C. Both a and b
D. None of these
|
| 10 | What does the bank receive on issuing a letter of credit: |
A. Profit
B. Interest
C. Commission
D. Duty
|
Test Questions
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